City centre buy to let opprotunity
Description
% Bedroomed city centre flat. Excellent buy to let investment.
To be sold via NATIONAL TIMED ONLINE AUCTION
BIDDING OPENS: 13:00 on Monday 15th December 2025
AUCTION ENDS: 13:00 on Tuesday 16th December 2025
Visit auctionhouse.co.uk/leicestershire
A top floor city centre flat with communal stairs and a lift. Excellent investment buy with five bedrooms, two shower rooms and a large dining kitchen. Held on a 99 year lease from September 2006 with approximately 81 years unexpired term. There is a peppercorn ground rent and the current service charge is £2515.12 per annum. Gross ERI of circa £21,000 PA.
Ideal investment buy.
Accommodation Entrance hall, Living Kitchen 5.44m x 3.31m, Bedroom 13.86m x 3.03m, Bedroom 2 4.45m x 4.00m, Bedroom 3, 4.45m x 2.66m, Bedroom 4 4.45m x 2.68m, Bedroom 5 4.45m x 2.68m. Two shower rooms.
Tenure Held on a 99 year lease from 1st September 2006 with approximately 81 years unexpired term. Peppercorn ground rent and we are advised by our client that the current service charge is £2515.12 per annum.
Tenure: Leasehold
Lease Details: 99 years from 1st September 2006
EPC Rating: E
Tenure
Leasehold. The property is held on a 99 year lease from September 2006 (thus approximately 81 years unexpired).
Council Tax Band
D
Lease Start Date
01/09/2006
Lease Duration
99 years (79 years unexpired)
Annual Service Charge
£25,112
Lot Type
Residential for Improvement
EPC Rating
E
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- 5 Bedrooms
- Tenure: Leasehold. The property is held on a 99 year lease from September 2006 (thus approximately 81 years unexpired).
- Unconditional (Immediate Exchange)
Call the team on 0116 222 7575 for more information
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